Network Financial has been banned from recruiting any new advisers for four months - the first time the regulator has used this power - as punishment for "serious" failings in the running of the business. So what went wrong?
Financial is an adviser network based in Cheltenham, Gloucestershire, responsible for 299 appointed representatives (ARs) and 342 registered individuals (RIs) advising customers on pensions, investments...
More than 4,500 retail investors affected
After failing to turn up to hearing twice
Winning back consumer confidence
Taxation of loyalty bonuses
Shares down more than 50%
Lost to Labour's Mick Whitley
Landslide win for Tories